BetaShares Australian ETF Review - August 2019 | BetaShares

BetaShares Australian ETF Review – August 2019

BY Ilan Israelstam | 18 September 2019
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INDUSTRY CONTINUES GROWTH TRAJECTORY IN A TOUGH MONTH FOR SHARES

In what was a tough month for equities, the Australian ETF industry continued to grow, and ended the month at an all-time high of $54.1B in funds under management (FuM), with a monthly market cap increase of 1.5% (+$784m). Read on for more details.

Australian ETP Market Cap: July 2001 – August 2019

CAGR: Compound Annual Growth Rate
Source: ASX, BetaShares 

Market cap

  • ASX Exchange Traded Product Market Cap: $54.1B – New industry record
  • Market cap increase for month: 1.5%, +$784M 
  • Market cap growth for the last 12 months: 31%, + $12.6B

New money

  • Unit growth for month (units outstanding by number): +3.0%
  • Net new money for month (units outstanding by % value): +$1.2B 

Comment: 100% of the industry’s growth derived from net flows, which amounted to $1.2B, with market declines generating a drag of ~$400m on the industry’s total growth.

Products

Trading value

  • Trading value increased 12% to reach an all-time high in monthly trading ($5.3B).

Performance

Comment: With continued tensions in the China-USA Trade wars and concerns over the macro environment, for the second month in a row, it was precious metal and gold exposures that were the top performers.

 

Top 5 category inflows (by $) – August

Category                                                  Inflow Value
Fixed Income $422,769,550
International Equities $196,388,879
Australian Equities $188,095,400
Commodities $161,626,676
Cash $106,458,340

Top category outflows (by $) – August

Category                                                  Outflow Value
Currency ($6,502,238)

Top sub-category inflows (by $) – August

Sub-Category   Inflow Value
Australian Bonds $341,870,569
International Equities – Developed World $156,216,424
Gold $149,079,455
Cash $ 106,458,340
Australian Equities – Broad $83,833,963

Top sub-category outflows (by $) – August

Sub-Category                                                 Outflow Value
International Equities – U.S. ($20,451,136)
International Equities – Emerging Markets ($11,611,255)
International Equities – Europe ($9,432,368)
Currency ($6,502,238)
Australian Equities – Resources Sector ($2,887,140)
Comment: Net outflows at a sub-category level were revealing in terms of current sentiment, with outflows in US equities, emerging markets and European equities. 

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